Pragma Targets Improved Order Routing Transparency with TradeBase Launch

Release of relational database for algo trading aimed at enhancing transparency of order routing through granular data provision.

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New York-based Pragma has begun to extend its algo trading solutions out to Canadian and European clients.

Offered as part of the vendor's hosted algorithmic trading platform Pragma360, TradeBase allows users to feed trading, risk management and compliance systems child order-level trade data into the platform to provide a granular level of order transparency, covering entries of all new child orders, amendments and cancellations, as well as child order fills.

Curtis Pfeiffer, chief business officer at Pragma, tells WatersTechnology that transparency is one of the vendor's key focus areas, reflected

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